Practo raises $55 mn in Series D round led by Tencent

Practo

PractoDigital healthcare platform Practo has raised $55 million in Series D funding led by existing investor China’s Tencent.

Practo Technologies Pvt Ltd, which runs a doctor-appointment site and offers an ad platform to clinics, hospitals and diagnostic centres, also saw participation from three new investors—Russian venture capital (VC) firm ru-Net, Japan’s Recruit Holdings’ investment arm RSI Fund and US-based Thrive Capital. Existing investors Sequoia Capital, Matrix Partners, Capital G (Google Capital), Altimeter Capital and Sofina also participated in the round, said a press statement.

With this fund infusion, Practo will further build an integrated healthcare platform and international operations, the statement added.

Tencent had led Practo’s Series C round of $90-million funding in 2015, in which ace investor Yuri Milner also participated.

“We welcome our new investors to the Practo family and thank existing partners for their continued support. This round will help us continue our geographic expansion,” said Shashank ND, founder & CEO, Practo.

“2017 will be the year our integrated healthcare platform comes to life and we will partner with various service providers to build solutions with Practo. This will be made possible by providing a central infrastructure on which the entire healthcare ecosystem can interact, connect, create and exchange value by linking layers of data, communication and payments to deliver better care,” he added.